{"id":120159,"title":"Bitcoin Plunges Below $80,000 Amid Fears of a ‘Full-Blown Bear Market’","publisher":"Share Talk","author":"sharetalk","published":"2025-02-28T18:19:45+00:00","modified":"2025-02-28T18:19:45+00:00","canonical_url":"https://www.share-talk.com/bitcoin-plunges-below-80000-amid-fears-of-a-full-blown-bear-market/","markdown_url":"https://www.share-talk.com/bitcoin-plunges-below-80000-amid-fears-of-a-full-blown-bear-market.md","json_url":"https://www.share-talk.com/bitcoin-plunges-below-80000-amid-fears-of-a-full-blown-bear-market.json","category":"B2B","categories":["B2B","Blogs","Exclusive Interviews","Fintech","Technology","Technology, Media & Telecoms"],"tags":["Binance","Bitcoin","BNB","BTC","cryptocurrency","DOGE","Dogecoin","Donald Trump","Elon Musk","ETFs","ETH","Ethereum","executive order","Litecoin","LTC","Oval Office","Ripple","SEC","SOL","Solana","TSLA","United States","US President","US Securities and Exchange Commission","USA","XRP"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/12/BTC-22_12_23.jpg?fit=1200%2C800&quality=89&ssl=1","format":"news","language":"en-GB","content":"Bitcoin tumbled below $80,000 on Friday for the first time since November, as concerns of a “full-blown bear market” in cryptocurrencies intensified.\n\nFears of a global trade war, coupled with disappointing earnings from AI chip giant Nvidia, have spurred investor selloffs in riskier assets.\n\nBitcoin, one of the most volatile investments, briefly dipped to $78,225.84—more than 25% below last month’s peak above $109,000 when Trump took office—and has lost 20% in just the past week. It has since rebounded slightly to $84,504.\n\nDavid Morrison, an analyst at Trade Nation, described the situation as a “crypto meltdown,” noting that Ethereum has shed nearly half its value since mid-December.\n\n“Some analysts believe this isn’t just a correction but a full-blown bear market,” he said, highlighting that Bitcoin has now erased most of its gains since Trump’s election in November.\n\nMorrison added that earlier optimism around a more crypto-friendly regulatory environment had largely unraveled, contributing to the sharp decline."}